Daily Market Wrap: September 6, 2012 Thursday, September 6, 4:03 PM ET
Some hopeful signs for the economy, including a better than expected jobless claims report, sent stocks higher today as did remarks by ECB President Mario Draghi.
The number of Americans filing for unemployment benefits dropped 12,000 last week, to a seasonally adjusted 365,000, according to the Labor Department.
Meanwhile, the four-week moving average for new claims ticked up to 371,000.
The Institute for Supply Management's non-manufacturing report showed that the pace of growth in the services sector rose to 53.7 in August. That reading was better than economists expected.
The ADP employment report indicates that 201,000 private sector jobs were added in August, while far exceeded the expectation of 145,000 new jobs.
Meanwhile, the number of planned layoffs hit a 20-month low in August, as employers announced 32,239 planned job cuts last month, according to Challenger Gray and Christmas.
Tomorrow, we'll take a look at the all important monthly government jobs report as well as earnings from Kroger (NYSE:
For Marketnewsvideo.com, I'm Sayoko Murase.
Wednesday Sector Laggards: Waste Management, General Contractors & Builders
Related symbols: BHTG, NEWA, WLH, HOV
Wednesday Sector Leaders: Vehicle Manufacturers, Entertainment Stocks
Related symbols: ADOM, FUV, LIVX, FOXA
Tuesday Sector Laggards: Non-Precious Metals & Non-Metallic Mining, Defense Stocks
Related symbols: ZEUS, CENX, AJRD, HII
Wednesday's ETF Movers: XBI, WOOD
Related symbols: TSRO, ONCE, PCH, UFS, WOOD, XBI
HYG, JDST: Big ETF Outflows
Related symbols: HYG, JDST
IEFA, XITK: Big ETF Inflows
Related symbols: IEFA, XITK, NXPI, TEVA, TWLO, MOMO
Daily Dividend Report: FITB, ORCL, HPQ, SRE, O
Related symbols: FITB, ORCL, HPQ, SRE, O
Daily Dividend Report: SBUX, LLY, USB, CL, IEX
Related symbols: SBUX, LLY, USB, CL, IEX
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Related symbols: CPT, THO, WSM, IVR, ANH
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Daily Market Wrap: September 6, 2012
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